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to be focusing on how efficiently they run their business, not necessarily the global environment. i don't think things are ter anybody aluminum. i agree with pete. i don't think this is a tell across the industrial space. i think reasons to be excited about what is going on in aluminum but alcoa is not the name we are going to be doing cartwheels for. >> your girl. >> my girl. times i cartwheeled for her. >> move on to shares of am, they fell today, once again park the stock is down 9% since the sale of the iphone 5 s it fundamentals or maybe something else investors should be watching now joining us with the technical break down is chris verrone, head of technical analyst at strat teen jesse research partners. good to see you. >> good to be here. >> is it, in fact, a technical break down we are seeing crossing below the 50-day moving average? >> a pause or a risk. this is a stock leadership basically all year. we look at relative strength charts or what is done the last couple of weeks, it is certainly in that pause camp or that rest camp. breaking through that 640 level probably not the backd
pearson came to ibm it was a different environment. >> look -- >> pc business. nobody buying. >> but he's not saying they should be more like ibm, right. ibm didn't break apart. >> that was meg whitman's -- they did get rid they got lenovo to take them out of their pc business. it's like an eastman kodak. >> coming up, last word there >> ibm sold the future. that's why investors are rewarding ibm. hp they can't even see the price. >> meg whitman is not lou. >> credit card companies hitting all time highs. did you miss the boat? we'll get some answers plus shares of netflix up nearly 30% in the past week alone and now an up where grade by morgan stanley driving shares even higher. who wins the election versus earnings season. we'll examine what will have a bigger impact on the markets. [ male announcer ] this is joe woods' first day of work. and his new boss told him two things -- cook what you love, and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef before opening a restaurant specializing in fish and game from the great northwest. he'l
, a few pennies better. that is $100 a year. operating earnings from the s&p in an environment where the long-term u.s. government reference riskless rate is under 2%. that is a bargain. melissa: i was interested to see the latest trading volumes. you are talking about the average investor walking away. in august, it was down 37%. that is year over year. that is compared to last august. when we see that the markets are up 9% for the year, i wonder if the individual investor is walking away from returns? >> i think so, melissa. the investing class is still undergoing dramatic shock and recovery from it. that is why all of these bond flows continue to go into funds and those fund managers have to go by treasuries at 1.6-1.7 because they have to do something to put it to work. if you believe that interest rates are going to be low for a number of years, and i do, i believe bernanke will do what he says, then stock prices are headed higher. maybe much higher. lori: isn't it a problem then that the fed is manipulating the stock market? therefore, do you have to be a little bit cautious th
know what the economic environment is here in the states and globally. so you just cannot have high expectations. and if you have a good surprise, let's say overall earnings rather than the 2.4% let's say earnings are up, 2 to 5%, you know s that really a big surprise? i'm not really sure it is. because you are still pretty close to 0. and nobody is expecting the economy to really accelerate over the course of the next couple of quarters. >> susie: all right so, what is going to be driving investment strategy over the coming weeks and months? is it going to be the earnings or is it going to be more of the big economic picture and the elections? >> how does this play out in the markets. >> well, i am a top down guy. so i want to know what the global economy is doing. i want to know what the u.s. economy is doing. in my mind, we're going to be in this modest growth, modest inflation environment for a while. i mean at least through 2013. but i think it is going to be positive. i think the types of sectors that we're looking at are the ones that are really going it to be sensitive to a
's what we are supposed to do. it's for the good of the customer and good of the environment. there's only the perception that their pump is running more often. >> the schneider's admit there has been no actual flooding since the wssc repair outside, but they fear it is inevitable. that certainly won't help the mold. at the wssc, scott broom, 9news now. >> well a national expert, scott consulted today said storm water and sewage should never mix and they were obligated to repair that sewer line. >>> we all know that the keys to keeping clean are wash your hands, brush your teeth, take a bath on saturday night. according to is survey, there is a difference between what passes for acceptable on the cleanliness scale when it comes to men versus women. now this survey shows men wash their hair more frequently and hop in the shower almost as often as the ladies do, but it also shows 42% of men say they will wear the same pair of underwear more than once without washing it. >> doesn't that defeat the purpose? >> yeah, it does. but 23% of women admit they will do the same thing. guys say they
to the environment. >> reporter: that's a big question, too. they have designed his suit and the balloon and the capsule to withstand all this. we're going to show you where the balloon is going to be launched. our photo journalist mike love and i pivot over to the field over here. this is where the balloon will be launched. the balloon is 55 stories high to pull him up to the edge of space. the plan is once he steps off and starting the free fall, the balloon and capsule will fall back to earth on their own and retreat. the plan is to preserve the two for history, and hopefully that will happen and all can be preserved. it's going to be very exciting. it will take about 20 minutes total, so we'll see. >> you are poised to witness it all. thanks so much, brian todd, keep us posted. this might now happen on tuesday pending weather. >>> some military wives knew this would get your attention. going topless, but there's a series cause behind what they're doing. ♪ [ male announcer ] its lightweight construction makes it nimble... ♪ its road gripping performance makes it a cadillac. introd
from nightmare for christmas. how would they interact with this environment? >> very scared by the potential rejuvenation of different, like, worms and things, i must say, and snails coming back. pet snail, leonard. sally would probably be in good company. finally, somebody who looks just like me. the stitching. >> i love looking back at careers. if you had relived your career in stop performance, which performance and why? >> i would say sc tv. >> the whole show? >> some of the sketches we did, would be great. >> i would say jiminy glitch. >> the talk show? >> yeah. >> growing up baseball is normal or football is normal, but i always wanted to be in acting. ever have aspects of your life your family said, no, can't go into acting, that's too weird? >> my parents were worried that i said i wanted to act and my dad said i can get you a job in the office. saw the girls in the office, i was like, no. not until we were doing sctv and people talked to him at work did he finally believe i had a job. that's scary for parents, to go into the evil word of show business. >> when i was
you could even say we're a little bit ambitious. right. you come in to the environment, many people came in without a job. they were volunteers and want to get a job. some people -- they want to get noticed by the right people. and they, you know, and you have people who have been hired who want maybe more responsibility. right than they probably traditional in their job. and the department heads who are racing against each other maybe to get a little more budget than the other and get a little more turf than the others and you might expect. you have the thing going on it's a chaotic time. you need to get control of this. because, you know, in this environment, where there no sort of norms, it's like building -- it is like building a village from scratch. everybody comes to a place with no rules or enormous, no structures, right, it's like the wild west. and not everybody, you know, some people who, you know, have their own tactics for getting their own way. right. sometimes even good people lose control of the inner jerks. it's a problem early in the campaign. we all have them. com
stocks keep making all-time highs in this environment? >> with us today are sam stovall and our own bob pisani. sam, it's going to come down to earnin earnings, right, which starts tomorrow? >> tomorrow. the bar is not just set low, it's set below, under water. >> below dirt. >> off the lows. capital iq is forecasting a 1.3% deline. it was down to 1.8%. big deal. i think some of the numbers underneath are a little more telling, such as right now the early beat ratio at 58% is below the average of 62%. in terms of guidance, those that are guiding negatively are 3.3 to 1 for those guiding positively. >> that sounds very negative for the stock market. >> well, i think it's baked in right now, or a lot of that is probably baked in. the real question is, whether we're likely to be seeing qe3 as the trough -- >> how can it be baked in if we're sitting at 4 1/2 year highs? how is that baked in? >> exactly. >> i think nothing is really new. what has come out yet that's going to tell us things are a lot worse than we anticipated? materials are expected to show 20% earnings decline. energy down 1
is the blend is not as friend leto the environment. >> the winter blend of gasoline is a very similar type of gasoline that doesn't have as stringent air pollution requirements. with summer months, a cleaner version is necessary to reduce ozone when possible. winter gasoline, thanks to the cooler air, doesn't have to be quite as stringent. >> reporter: so you're wondering when these prices will drop an by how much. depends on which analyst you ask. one school of thought has prices going down 15 to 20 cents within a week. now, the reason why these prices did skyrocket is because of refinery problems. one we're very familiar with. you might recall in august when the chevron refinery in richmond got fire and in southern california over the past week, the exxonmobil refinery in torrance had a power failure and didn't start back up until this past friday. reporting live, bob redell, "today in the bay." >>> this morning, decision 2012 is coming to the bay area. in just a few hours the president will honor california icon before heading to san francisco for a fun raising push. president obama wil
into politics out of an ideological background, maybe the academic environment or a writer or some people come out of a practical background. he comes out of a practical business background. the reason i like him as president, this is what we need right now, a practical man. i think president obama is overwhelmed by too much ideology too often and can't see his way through it. i think he has an unrealistic view of the islamic extremist movement. i think it's almost like a fantasy world about it. >> mayor rudy giuliani, good to see you. thank you very much. >> thank you. >>> convicted child sex abuser jerry sandusky is saying in his own words that he didn't do it. a sentencing hearing is now under way in bellefonte, pennsylvania, for the former penn state assistant football coach. armen keteyian file this had report before heading inside the courtroom. >> reporter: jerry sandusky is now inside courtroom number two. just under a little three months ago, he was convicted on 45 counts of sexually abusing ten young boys. he is expected to do what he did not do at his trial, to stand up and profess
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this past week. in this highly polarized environment both campaigns have strategically been appealing to their respective political bases. what is unusual about this election cycle is most voters have picked sides early and lead to our polling right after the convention. looks like the final weekend of the campaign. they tell us they are firmly committed to their candidate and the number of undecided voters has been surprisingly very low. single digits. it is not about persuasion. it is about mobilization. both of the conventions were like that. in the next few weeks we will see a lot about mobilizing folks to come out particularly because of early voting which has started in so many states. the middle is shrinking as far as these campaigns are concerned. we will talk about how there is still a middle to america. once you get beyond the campaign labels but clearly those are what drive strategy in campaigns and the electoral politics. if you look at the campaign ads, in new york we are not -- we don't get a lot of ads. i have seen one of you in virginia are seeing and if you are in any
about what would you do to change the environment in the cooperation, absence thereof in washington, he literally talked about how he did it and with 70% of the people being democrats who have the job. >> okay. is this -- what are the conservatives doing about this and this is mitt romney's move to the middle? >> they will grit their teeth and appreciate it as long as he's moving upwards in the polls. we don't know if he's going to get a bounce at all from the debate. we'll see in a couple of days. >> and this is -- [ overlapping speakers ] >> win, baby, win, baby. >> this is the new mitt romney and the win, baby, win. it's the al davis philosophy. just win, davis. >> no matter what, i believe he gets a bump, and i believe that bump will come from the crisp nature of his responses. he sounded like the common man. he did not sound like bain capital exploiting everyone who is part of a everyone in% for the 3%. he sounded like the guy from the streets. he sounded like the guy that i walked by almost every day working on the job on the same payroll. >> and he -- conservatives want him to go
earnings are not correlated with the macro environment. ubs writes that alexion is a significant double-digit growth driver but uses the orphan drug model where pricing and reimbursement are insulated, the biotech is up a whopping 400% over the past three years. keep in mind this is a speculative takeout target. another standout stock, gilead sciences is up 70% year-to-date, ubs has it as its top large tech biotech pick, it's attractively trading to a discount to the biotech sector, biogen up 50% in the past year thanks to its strong earnings performance and anticipation riding behind its multiple sclerosis drug bg12 which could get approval by year's end. another is buyout speculation. the firms are on the hunt for under the radar biotech firms, bristol-myers among others making big bets. andrew you've been following that as well. >> thank you for that report. lot of beta. see if there's any alpha. >>> in the next hour of "squawk box" former ubs american chairman robert wolf will join us to talk financials, jobs and the election, mr. obama's favorite banker. and later health care, a ma
. so i'm not going to revise history to pretend that. i grew up in a religious environment and i am proud of it. i was into the priest. i'm proud of that. i would probably enormously angry right now. so i am grateful for my faith and on and on apologetic about it. >> this is pretty remarkable we started talking a little bit about how it has changed over time. we could have also added to the 19th amendment and women becoming a part of this part of the democratic inclusion. [laughter] but most of the amendments have made it more perfect. they got rid of it. >> ausley understand. >> it is pretty extraordinary. the constitution frees up every american to be eligible for public office, and there is no religious test and that wasn't the prominent feature of the state constitutions. a lot of them actually had religious tests. >> you have the establishment in religion. so, on a understand that but i simply say that the country moved on. i grew up at a time people were respectful of religion and religious people. on grew up when the church was open all the time and nobody broke and and nobod
will compete for the best talents. we have the best environment for that talent. >> energy and then campaign finance. >> you are looking at california right now. their massive increases in the costs. when consumers are paying for gasoline, they're not able to purchase their basic commodities every day. what is happening? governor brown is proposing a relaxation of regulation that impact energy industry. that is clearly a concession that regulation drives the costs of energy. we need to have the same focus of discussion in washington. what is happening in california can happen -- >> if you have a stool with two legs, it will fall over. look at what the canadians did with their cash cow. we can do spending, taxes, and energy with our cash cow. >> tom, you think this will happen with the makeup of the government we have today? >> i think when people figure out there is a big chunk of change and there is a debate of people trying to protect entitlements and those trying to kill energy, who are you going to bet on? >> in california -- it will save as much as 50 cents per gallon. they pay as much
, for environment, for climate. a lot of other americans do also. they don't really see what's coming necessarily because now it's being aggressively disgu e disguised, but i think it's very dangerous. >> in your book "civilization" you talk about the fact that cultures and civil gations are not simply about figures, about math. they're about things like compassion and human respect for other humans who may be in need. these two don't regard that, they don't even mention those kind of issues. >> if you look at what ryan over the years has proposed, he said let's balance the budget by cutting right at the knees the poorest people in our country, going after medicaid, going after the income support for the most vulnerable people in our country. now, those people don't necessarily vote. they have no voice in the political campaigns, they're not heard, but the callousness of this is really disgusting actually, and this is at the core of it. of course, that's the whole ayn rand philosophy which he also ascribed to all the time until very recently. now, no, no, that's theory. >> that's only because so
. not in an environment where posts should to normalize operations. in a rare interview, former c.i.a. director told fox the dots were there and they were connected, but there was a failure to act. >> when somebody tells me a couple of hundred times a year that i don't have a safe situation in my consulate or my embassy, i've got to do better than saying sorry, we can't help you. >> along with nordstrom, the state department manager who signed off on a waiver which meant the consulate was exempt from specific physical security standards is also testifying wednesday. >> shep: we're hearing more about surveillance video from that compound. >> fox is told that there is a security camera video, but it is, quote, limited and it comes from the consulate after republican senator bob corker, who was in libya, confirmed details of video to the "washington post." the attorney general suggested caution. >> people in congress be a little mindful of the fact there is an ongoing investigation and not reveal anything that might compromise our law enforcement investigation. >> new details confirmed by fox showed the at
, open it and subdivide its contents and that's done in a very controlled environment i'm quite sure, but it introduces the opportunity for human error and for contamination. >> you have to worry about even other medications that were prepared by this same pharmacy. >> reporter: and dr. william schaffner of vanderbilt medical center in tennessee says compounding pharmacies are not regulated by the fda in the same manner drug companies are. >> this has always been thought of as a gap and this is perhaps an example suggesting that this needs to be looked at again. >> federal health officials tonight warn physicians in those 23 states not to use any products shipped from that massachusetts company. it has shut down its production facility and recalled those 17,000 plus vials of steroids at the center of a grow and troubling meningitis outbreak. >>> now to a news alert. we are tracking a dangerous spike in violent muggings around the ft. totten metro station. it's gotten the attention of d.c. delegate eleanor holmes norton among other top leads. today they took a walk touring the troubl
but just the significance of it, the regulatory environment, all of those things came together in a way that maybe she just couldn't foresee. >> susan, thanks for joining us. it is a good read. enjoyed it very much. >> appreciate you having me here. >> great interview there, sue. >>> sprint customers can now pick their own vanity phone number. i'm not kidding. the idea is simple. instead of a ten-digit number you just dial "power lunch" instead. call me. don't go away. ♪ [ piano ] you. we know you. we know you're not always on top of it. and how could you be? that often you just want... quiet. we know all that life demands from you. and how it's almost impossible for you to escape. almost. introducing a car made better for you in every way. the luxurious, all-new honda accord. it starts with you. >>> time for the power rundown. kayla tausche and bob pisani is with me as well. china, those tensions we mention seem to be deepening. nation, now friend or foe to the u.s. and its investors? what do you think, kayla? >> i learned last week that china apparently funds pbs so i'm inclined to
the environment and something that was set in the debate last week. the president had the lead on energy and he said we were dealing now more than ever for gas and oil and he's right. then mr. romney came back with our bottle saying, mr. president, are drilling more for gas and oil, but it's not due to your policy. then he went on to say that because we are not drilling on federal and. why the president did not jump on that, i don't know. all the president would have to have said, was, mr. romney, do you think the american public would condone drilling in yellowstone? do you think the american public would condone drilling in yosemite? i just sat back from fly-fishing in montana and i was on federal land fly-fishing. i was on federal land where nothing is going on and i enjoyed that. i don't want to be fly-fishing next to an oil well or fracking liquid that is stored in pits that is poisonous. i just don't understand mr. romney saying we should be drilling like crazy on federal land. that just goes to show how he is uneducated about the circle of life in the natural environments. that's all i h
's challenging environment. unless you have the right perspective. bny mellon wealth management has the vision and experience to look beyond the obvious. we'll uncover opportunities, find hidden risk, and make success a reality. bny mellon wealth management >>> it has been almost a month now since four americans were killed in libya, u.s. ambassador chris stevens, foreign service officer shawn smith and former navy s.e.a.l.s glen woods and brian doherty. no one is forgetting about the sacrifice they made. >> you can imagine how i felt when i found out that he was one of the two former navy s.e.a.l.s killed in benghazi on september 11th and it touched me, obviously, as i recognize this young man that i thought was so impressive, had lost his life in the service of his fellow men and women. he -- according to the reports on cnn international that i read, he was actually in a different building, in an annex, a safe place somewhere else across town when he and his colleagues there heard that the consulate was under attack. and they went there. >> mitt romney getting emotional there in iowa today.
political environment. but at the same time, you spent years as the democratic party chair, in some ways, being the partisan chief of the party. what would you say to virginians that would convince them that when you go to washington, you'd be not partisan and not simply a loyal lieutenant in harry reid's army. >> i will tell you two things. i served with two presidents. i serve with president bush and president obama. we did not agree on everything. i worked closely on the bush administration on a number of issues that put virginia first. railroads are being built right now largely because of president bush and his secretary of transportation and our ability to work together. we worked with the bush administration in the aftermath of the shootings at virginia tech. i will always be a partner of the nine states, whoever the president is. i also have a track record of working across lines. first, here in richmond. second, as a republican -- as a governor with republican houses. we were the best-managed state in virginia. revested for business all years i was governor, forbes magazine. tho
come to live with and work with there. for the environment we had. we felt we needed more and not less. >> so all the experts on the ground are telling headquarters at the state department, we need this. and the answer kept coming back as? >> you've got to do with less. for what reasons, i don't know. >> sharyl, do those believe that if, in fact, those security teams had not been withdrawn, even though they can't really know the answer, but they may very well have been able to resisted the attack and saved lives? >> well, they certainly talked about that according to colonel wood. he says he wonders. he told us that armed members of his military team as well as the companion state department security team would have traveled to benghazi with ambassador wood had they still been in the country on september 11th. but on that day the u.s. was down 34 highly trained security officers in libya compared to just six months before. the state department told us they're still sorting through everything but that they don't see evidence of a lot of security requests that were denied. charlie? >> th
up and i think it just really does create the environment that we are actually working in as a government today that we still of continued challenges and continue to go to congress for the policies around in the health care profession, education programs and other basis of that. so the government of a little bit different and we recognize that because we have sovereignty had reservations. but we as people are also a little bit different, too and that is because i think they are so tied to our cultural customs and traditions, our language that are clearly based upon how we are as a people. you call yourself a language warrior and spend the whole chapter on language which we know how important this is but why today as a modern-day indian do we care about language? >> guest: great question. to me this is one of my primary passions, but to me language and culture are the important areas to focus on as the native people. it's a big part of what defines us. and of course, you know, a lot of native people didn't grow up speaking their tribal languages through no fault of their
of view which ultimately means it's a really supportive environment for women but doesn't necessarily mean special treatment for women. >> reporter: yahoo! hired mayer as its ceo in july knowing that she was pregnant. when mayer gave birth sunday, a yahoo! spokeswoman told the "new york times" mayer plans to be back in the office within one to two weeks. that, too, is generating flack. >> we should be sending a message that women need more maternity leave. they need better benefits and need more time. they need a workplace that understands that this is a period of time that women need to be with a baby. >> all this criticism could make the corner office look real good to mayer. >> mommies are hard on each other, very tough. she will get a lot of criticism for everything she does while being a mommy. >> reporter: now nbc news reached out to yahoo! for comments but did not hear back. mayer and her husband zachary bogue are also looking for help to name their son and that, too is generating controversy, reportedly sending out an e-mail to family and friends asking for suggestions. now in the
new alka-seltzer plus severe allergy it's hard to see opportunity in today's challenging environment. unless you have the right perspective. bny mellon wealth management has the vision and experience to look beyond the obvious. we'll uncover opportunities, find hidden risk, and make success a reality. bny mellon wealth management >>> a coordinated attack near a syrian government compound could be a major blow to the regime in damascus. lisa sylvester's monitoring that, some of the other top stories in "the situation room" right now. lisa, what's the latest? >> hi, wolf. it was a three-stage attack and it started overnight with a suicide car bomb, then a suicide bomb in an ambulance. then this. [ gunfire ] that barrage of gunfire was the last part of the assault near an air force intelligence compound outside the capital. the afi is the primary agency of syria's intelligence operation. experts say a lot of spying equipment would have been in that kind of compound. a shadowy jihadist group has now claimed responsibility. and police arrested this man and could arrest more after a brawl
, because businesses and wall street needs clarity and direction and for some time it's been an environment of uncertainty. it's why you've seen stagnant in the employment numbers. gdp at 1.3%. the fed is keeping the interest rates very low now in order to make sure there's a backdrop for economic growth and expansion. we need fiscal leadership out of washington to basically say which way the economy will go. >> you mentioned wall street, what wall street doesn't like is uncertainty. but does wall street -- i think the traditional thinking is, well, wall street, when a republican is elected, they kind of like that, because they generally view that as being a pro business person in office. and generally a democrat bringing more regulation perhaps, which wall street might not like. is that a fair assumption? >> i would say so, to a certain degree. we need regulation, but not overregulation. if you look at a lot of surveys of the fortune 500 ceos now, a lot of them are saying there's too much regulation and there's more to come down the road with franks. franks will present five new government
let's go ahead and release that earlier. it will have a negligible effect on the environment and hopefully the supply situation. also refineries here, some going back on-line, helping -- they're getting repaired. so we should see relief sometime soon. most experts say we'll see that relief coming slow, that we haven't reached the peak as of yet. but over the next couple of weeks, perhaps by thanksgiving, we could see prices on the decline. but for now, looks like we might be dealing with pry high prices here. >> steve: how many refineries are off line right now, causing the spike? >> there are a number of big ones. one in northern california where there was a fire last -- we only have 14 refineries here in california. so if you have just a couple, like five of them off line, then we could see certainly a spike here in the gas. the real big issue is that regulation, the california regulation that wouldn't allow any of these oil companies to release that winter blend. so now that they can release the winter blend, we could see relief. >> gretchen: thanks very much for that upda
for an individual woman is being able to create the kind of environment where she is content. that she believes she's dedicating the time she needs if she has children to those children and to her career. but i do think there is -- there is an importance in having larger numbers at the top because, let's be honest. women leaders are often different. to have a mix of both male and female at the top of a corporation i think is a really important mix. >> mitt romney has said that he plans to propose eliminating funding for pbs. >> i'm going to stop the subsidy to pbs. i'm going to stop other things. i like pbs. i like big bird. >> the national endowment of the arts, should he be elected president of the united states. of course pbs is where sesame street airs for people who watch it domestically. what do you think of the proposal? >> sesame street is a nonprofit organization and also a nonpartisan organization. i don't want to be critical of any camp. the perception that gives is a little bit misleading. because while we we have been on pbs for some 43 years, and we're partners and support i have of i
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-business environment. and i think that's something the president doesn't really understand. if you want -- one of the points i make, if you want fairness, everyone with the same income level, go to cambodia. we want a rich and growing society and the way to do that is by promoting free enterprise. >> gretchen: but the interesting thing is that on its face, those two words, fair share, have really resonated. >> they have. >> gretchen: with some of the american voters. when you break it down and you get into the details, you find this out. for example, you say the rich already are paying their fair share if we look at the latest graphic. you show the poor, the percentage of all federal taxes paid is a negative number. explain this graphic. >> yeah. this is an amazing thing. there is such a divide between the amount of taxes the wealthy really do pay and people's perception. for the last 20 years, we've been inundated with this information in the media. the rich don't pay their fair share. warren buffet saying he pays a higher tax rate than his secretary. we looked at the real data. we found that
america and the world create an environment where whoever is in authority and power have to act or pay the price. >> i am optimistic. i do not think the american people will settle for anything less than success, and they are going to drive this debate. as business leaders, our job is to insure the business community is involved in the discussion. if they are, politicians will do the right thing. >> to you think american politicians will do what is needed? >> you will not find pessimist'' up here. we would not do what we do for a living. the problems we face can be solved. americans can be counted on to do the right thing after they have exhausted every other possibility. we would get it done. >> you can never go wrong ending on churchill. thank you for joining me. [applause] >> thank you all for joining us for conversations and power today, and a big thank-you to a keen observer on washington politics and the economy, as well who as a great moderator. and thank you to our panelists. we really appreciate you all being here. i would also like to again thank our sponsors at bloomberg gov
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